Thursday, November 19, 2015

Interest rates

The Rhode Island Division of Taxation has posted the interest rates that will apply for 2016 on overpayments and delinquencies. The rates are based on a formula set in statute. The rates for the 2016 calendar year are the same as those that apply for the 2015 calendar year: 18% per year on delinquent tax payments, 3.25% per year on overpayments. Click here for more information.